iA Financial Co. Inc. (OTCMKTS:IAFNF) Short Interest Update

iA Financial Co. Inc. (OTCMKTS:IAFNF – Get Rating) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 402,900 shares, an increase of 39.9% from the February 13th total of 287,900 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 175.2 days.

iA Financial Trading Down 6.8 %

OTCMKTS:IAFNF opened at $60.43 on Tuesday. iA Financial has a one year low of $45.27 and a one year high of $67.29. The firm’s fifty day moving average price is $62.43 and its two-hundred day moving average price is $57.72.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of iA Financial from C$94.00 to C$99.00 in a report on Thursday, February 16th. Scotiabank raised their target price on shares of iA Financial from C$102.00 to C$104.00 in a research note on Thursday, February 16th. National Bank Financial raised their price objective on shares of iA Financial from C$88.00 to C$92.00 in a report on Wednesday, February 15th. TD Securities raised shares of iA Financial to a “buy” rating in a report on Thursday, February 16th. Finally, Desjardins boosted their target price on shares of iA Financial from C$85.00 to C$95.00 in a research note on Thursday, February 16th.

iA Financial Company Profile

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iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.